Can Small Loans Reduce Poverty?

Can Small Loans Reduce Poverty?
Thu, 09 Jun 2011 16:14:00 -0500

Small loans, somewhere in the neighborhood of $100 to $500 dollars, are an increasingly popular weapon in the fight to reduce poverty. Called microcredit, institutions dole out these monetary advances to help extremely poor people engage in successful entrepreneurship and improve their quality of life.

While proponents extol its virtues, researchers look for evidence; they want to know if it works. Does it really increase financial development and help individuals make solid monetary ...

More at http://www.nsf.gov/news/news_summ.jsp?cntn_id=119805&WT.mc_id=USNSF_51&WT.mc_ev=click

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